company number :671380-h cimb islamic bank · pdf filecompany number :671380-h individual...

Company Number :671380-H

The Group

30-Sept-13 30-Sept-13 31-Dec-12

Assets RM'000 RM'000 RM'000

Cash and short term funds 1 7,859,912 7,859,867 6,296,329

Deposits and placements with banks and other financial

institutions 2 230,865 230,865 601,335

Financial assets held for trading 3 4,645,069 4,645,069 6,117,048

Financial investments available-for-sale 4 1,811,221 1,811,221 2,797,337

Financial investments held-to-maturity 5 601,124 601,124 652,390

Islamic derivative financial instruments 18 238,229 238,229 168,360

Financing, advances and other financing/loans 6 35,486,797 35,486,797 33,073,282

Other assets 7 334,440 334,440 254,882

Deferred taxation 20,138 20,138 10,731

Amount due from holding company 41,049 41,049 -

Amount due from related companies 295 295 431

Statutory deposits with Bank Negara Malaysia 1,381,277 1,381,277 1,104,097

Investment in subsidiaries - 20 -

Property, plant and equipment 5,009 5,009 5,490

Intangible assets 11,249 11,249 7,328

Goodwill 136,000 136,000 136,000

Total Assets 52,802,674 52,802,649 51,225,040

Liabilities

Deposits from customers 8 38,400,627 38,400,627 35,267,899

Deposits and placements of banks and other

9,982,277 9,982,277

UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2013

CIMB ISLAMIC BANK BERHAD

CONDENSED INTERIM FINANCIAL STATEMENTS

The Bank

financial institutions 9 9,982,277 9,982,277 11,660,728

Other liabilities 10 601,938 601,934 397,106

Islamic derivative financial instruments 18 369,178 369,178 380,529

Provision for tax and Zakat 17,950 17,950 9,870

Subordinated Sukuk 11 855,372 855,372 863,557

Amount due to holding company - - 298,352

Amount due to related companies 6,293 6,293 3,554

Total liabilities 50,233,635 50,233,631 48,881,595

Equity

Capital and reserves attributable to equity holder of the Bank

Ordinary share capital 1,000,000 1,000,000 1,000,000

Reserves 1,499,039 1,499,018 1,273,445

2,499,039 2,499,018 2,273,445

Perpetual preference shares 70,000 70,000 70,000

Total equity 2,569,039 2,569,018 2,343,445

Total equity and liabilities 52,802,674 52,802,649 51,225,040

0 1 (0)

Commitments and contingencies 19 27,302,707 27,302,707 26,964,137

Net assets per share (RM) 2.50 2.50 2.27

The unaudited condensed interim financial statements should be read in conjunction with the audited financial statements for the financial year

ended 31 December 2012.

Page 1


INDIVIDUAL

QUARTER

CUMULATIVE

QUARTER

QUARTER

ENDED

9 MONTHS

ENDED

30-Sept-13 30-Sept-13

The Group RM'000 RM'000

Income derived from investment of

depositors' funds and others 12 504,149 1,557,001


shareholder's funds 13 34,979 102,209

Net allowances of impairment for losses on financing 14 (20,317) (47,089)

Allowances for other receivables (150) (313)

Total distributable income 518,661 1,611,808

Income attributable to depositors 15 (290,485) (881,760)

Total net income 228,176 730,048

Personnel expenses 16 (21,925) (62,014)

Other overheads and expenditures 17 (103,836) (326,432)

Profit for the financial period 102,415 341,602

Taxation (25,864) (87,264)

Net profit for the period 76,551 254,338



UNAUDITED STATEMENT OF INCOME

FOR THE QUARTER ENDED 30 SEPTEMBER 2013

Profit for the period 76,551 254,338

Other comprehensive income:

Items that may be reclassified subsequently to profit or loss

Revaluation reserve financial investments available-for-sale

- Net loss from change in fair value (32,223) (35,645)

- Realised loss transferred to comprehensive income 7,936 (2,820)

- Income tax effects 6,072 9,616

Other comprehensive income for the period, net of tax (18,215) (28,849)

Total comprehensive income for the period 58,336 225,489

Earnings per share (sen) 7.66 25.43

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME





INDIVIDUAL QUARTER CUMULATIVE QUARTER

QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED

30-Sept-13 30-Sept-12 30-Sept-13 30-Sept-12

The Bank RM'000 RM'000 RM'000 RM'000


depositors' funds and others 12 504,149 491,538 1,557,001 1,425,879


shareholder's funds 13 34,954 60,979 102,184 150,822

Net allowances of impairment for losses on financing 14 (20,317) (21,892) (47,089) (56,727)

Allowances for other receivables (150) (5) (313) (91)

Total distributable income 518,636 530,620 1,611,783 1,519,883

Income attributable to depositors 15 (290,485) (280,848) (881,760) (807,255)

Total net income 228,151 249,772 730,023 712,628

Personnel expenses 16 (21,925) (23,054) (62,014) (57,770)

Other overheads and expenditures 17 (103,832) (95,513) (326,428) (282,145)

Profit for the financial period 102,394 131,205 341,581 372,713

Taxation (25,864) (33,008) (87,264) (93,762)

Net profit for the period 76,530 98,197 254,317 278,951



UNAUDITED STATEMENT OF INCOME



Profit for the period 76,530 98,197 254,317 278,951

Other comprehensive income:

Items that may be reclassified subsequently to profit or loss

Revaluation reserve financial investments available-for-sale

- Net (loss)/gain from change in fair value (32,223) 1,769 (35,645) 5,761

- Realised gain/(loss) transferred to comprehensive income 7,936 (283) (2,820) (5,603)

- Income tax effects 6,072 (422) 9,616 (90)

Other comprehensive income for the period, net of tax (18,215) 1,064 (28,849) 68

Total comprehensive income for the period 58,315 99,261 225,468 279,019

Earnings per share (sen) 7.65 9.82 25.43 27.90

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME




The unaudited condensed interim financial statements should be read in conjunction with the audited financial statements for the financial year ended

31 December 2012


Non-distributable Distributable

Revaluation

The Group reserve - financial Share-based Perpetual

Share Statutory investments Merger Capital Regulatory payment Accumulated preference

30 September 2013 capital reserve available-for-sale deficit reserve reserve reserve profits Total shares Total equity

RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000

At 1 April 2013 1,000,000 654,922 21,977 (2,457) 458 242,624 336 355,585 2,273,445 70,000 2,343,445

Net profit for the financial period - - - - - - - 254,338 254,338 - 254,338

Other comprehensive income (net of tax) - - (28,849) - - - - - (28,849) - (28,849)

- Financial investments available-for-sale - - (28,849) - - - - - (28,849) - (28,849)

Total comprehensive income for the period - - (28,849) - - - - 254,338 225,489 - 225,489

Share-based payment expense - - - - - - 426 426 - 426

Transfer to regulatory reserve - - - - - 38,947 - (38,947) - - -

Transfer to statutory reserve - 44,667 - - - - - (44,667) - - -

Shares released under Equity Ownership Plan - - - - - - (321) - (321) - (321)

At 30 September 2013 1,000,000 699,589 (6,872) (2,457) 458 281,571 441 526,309 2,499,039 70,000 2,569,039

10,298



UNAUDITED STATEMENT OF CHANGES IN EQUITY



Non-distributable Distributable

Revaluation

The Bank reserve - financial Share-based Perpetual

Share Statutory investments Merger Capital Regulatory payment Accumulated preference

30 September 2013 capital reserve available-for-sale deficit reserve reserve reserve profits Total shares Total equity

RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000

At 1 January 2013, as previously reported 1,000,000 654,922 21,977 (2,457) 458 242,624 336 355,585 2,273,445 70,000 2,343,445

Effect of adopting MFRS 1 - - - - - - - - - -

As restated 1,000,000 654,922 21,977 (2,457) 458 242,624 336 355,585 2,273,445 70,000 2,343,445


Other comprehensive income (net of tax) - - (28,849) - - - - - (28,849) - (28,849)

- Financial investments available-for-sale - - (28,849) - - - - - (28,849) - (28,849)

Total comprehensive income for the period - - (28,849) - - - - 254,317 225,466 - 225,466

Share-based payment expense - - - - - - 426 426 - 426


Transfer to statutory reserve - 44,667 - - - - - (44,667) - - -

Shares released under Equity Ownership Plan - - - - - - (321) - (321) - (321)

At 30 September 2013 1,000,000 699,589 (6,872) (2,457) 458 281,571 441 526,288 2,499,018 70,000 2,569,018

10,298

30 September 2012


UNAUDITED STATEMENT OF CHANGES IN EQUITY



30 September 2012

At 1 January 2012, as previously reported 1,000,000 454,387 8,268 (2,457) 458 59,113 16,499 322,282 1,858,550 70,000 1,928,550

Effect of adopting MFRS 1 - - 5,027 - - - - - 5,027 - 5,027

As restated 1,000,000 454,387 13,295 (2,457) 458 59,113 16,499 322,282 1,863,577 70,000 1,933,577


Other comprehensive income (net of tax) - - 68 - - - - - 68 - 68

- Financial investments available-for-sale - - 68 - - - - - 68 - 68

Total comprehensive income for the period - - 68 - - - - 278,951 279,019 - 279,019

Expiry of Management Equity Scheme - - - - - - (16,279) 16,279 - - -

Share-based payment expense - - - - - - 473 - 473 - 473


Transfer to statutory reserve - 90,377 - - - (90,377) - - -

Shares released under Equity Ownership Plan - - - - (135) - (135) - (135)

At 30 September 2012 1,000,000 544,764 13,363 (2,457) 458 108,131 558 478,117 2,142,934 70,000 2,212,934

The unaudited condensed interim financial statements should be read in conjunction with the audited financial statements for the financial year ended 31 December 2012


The Group

30-Sept-13 30-Sept-13 30-Sept-12

RM'000 RM'000 RM'000

Profit before taxation 341,602 341,581 372,713

Adjustments for non-cash items 43,241 43,241 (25,137)

Operating profit before changes in working capital 384,843 384,822 347,576

Net changes in operating assets (1,014,694) (1,014,694) (6,994,251)

Net changes in operating liabilities 1,200,040 1,200,036 2,885,244

Tax paid (78,490) (78,490) (66,075)

Net cash used in operating activities 491,699 491,674 (3,827,506)

Net cash flows (used in)/generated from investing activities 1,105,179 1,105,159 (579,064)

Net cash flows from financing activities (33,295) (33,295) 284,542

Net change in cash and cash equivalents 1,563,583 1,563,538 (4,122,029)

Cash and cash equivalents at beginning of the financial period 6,296,329 6,296,329 7,554,885


UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

FOR THE PERIOD ENDED 30 SEPTEMBER 2013


The Bank

Cash and cash equivalents at end of the financial period 7,859,912 7,859,867 3,432,857

The Condensed Unaudited Cash Flow Statement should be read in conjunction with the Annual Financial Statements for the financial year The unaudited condensed interim financial statements should be read in conjunction with the audited financial statements for the financial

year ended 31 December 2012

Page 6

EXPLANATORY NOTES

A. BASIS OF PREPARATION

This is the Group's first consolidated interim financial statements, following the acquisition of CIMB Islamic Nominees (Asing) Sdn Bhd and

CIMB Islamic Nominees (Tempatan) Sdn Bhd on 8 April 2013.

The unaudited condensed interim financial statements for the financial period ended 30 September 2013 have been prepared under the historical

cost convention, except for financial assets held for trading, financial investments available-for-sale, derivative financial instruments, investment

properties and non-current assets/disposal groups held for sale, that have been measured at fair value.

The unaudited condensed interim financial statements have been prepared in accordance with MFRS 134 “Interim Financial Reporting” issued

by the Malaysian Accounting Standards Board and paragraph 9.22 of Bursa Malaysia Securities Berhad's Listing Requirements.

The unaudited condensed interim financial statements should be read in conjunction with the Bank's audited financial statements for the

financial year ended 31 December 2012. The explanatory notes attached to the condensed interim financial statements provide an explanation of

events and transactions that are significant to an understanding of the changes in the financial position and performance of the Bank since the

financial year ended 31 December 2012.

The significant accounting policies and methods of computation applied in the unaudited condensed interim financial statements are consistent

with those adopted in the most recent audited annual financial statements for the financial year ended 31 December 2012, and modified for the

adoption of the following accounting standards applicable for financial periods beginning on or after 1 January 2013:

MFRS 10 “Consolidated financial statements”

MFRS 13 " Fair value measurement"

Amendment to MFRS 7 "Financial instruments: Disclosures - offsetting financial assets and financial liabilities"

Amendment to MFRS 101 "Presentation of items of other comprehensive income" (effective from 1 July 2012)

Amendment to MFRS 134 “Interim financial reporting”

Amendments to MFRS 10, MFRS 11 and MFRS 12 “Consolidated financial statements, Joint arrangements and Disclosure of interests in other

entities: Transition Guidance”

The adoption of the new standards, amendments to published standards and interpretations are not expected to have impact on the financial

results of the Group and Bank, other than as disclosed below:

- MFRS 10 “Consolidated financial statements”

MFRS 10 requires that an entitiy that is a parent shall present consolidated financial statements unless specific conditions are met. The Group

has adopted this standard following the acquisition of CIMB Islamic Nominees (Asing) Sdn Bhd and CIMB Islamic Nominees (Tempatan) Sdn

Bhd on 8 April 2013.

- Amendment to MFRS 101 “Presentation of items of other comprehensive income”

The amendment requires items of comprehensive income to be presented into two grouping, which is to seperate items of other

B. CHANGES IN ESTIMATES

C. ISSUANCE AND REPAYMENT OF DEBT EQUITY SECURITIES

This is the Group's first consolidated interim financial statements, following the acquisition of CIMB Islamic Nominees (Asing) Sdn Bhd and

CIMB Islamic Nominees (Tempatan) Sdn Bhd on 8 April 2013.

The unaudited condensed interim financial statements for the financial period ended 30 September 2013 have been prepared under the historical

cost convention, except for financial assets held for trading, financial investments available-for-sale, derivative financial instruments, investment

properties and non-current assets/disposal groups held for sale, that have been measured at fair value.

The unaudited condensed interim financial statements have been prepared in accordance with MFRS 134 “Interim Financial Reporting” issued

by the Malaysian Accounting Standards Board and paragraph 9.22 of Bursa Malaysia Securities Berhad's Listing Requirements.

The unaudited condensed interim financial statements should be read in conjunction with the Bank's audited financial statements for the

financial year ended 31 December 2012. The explanatory notes attached to the condensed interim financial statements provide an explanation of

events and transactions that are significant to an understanding of the changes in the financial position and performance of the Bank since the

financial year ended 31 December 2012.

The significant accounting policies and methods of computation applied in the unaudited condensed interim financial statements are consistent

with those adopted in the most recent audited annual financial statements for the financial year ended 31 December 2012, and modified for the

adoption of the following accounting standards applicable for financial periods beginning on or after 1 January 2013:

MFRS 10 “Consolidated financial statements”

MFRS 13 " Fair value measurement"

Amendment to MFRS 7 "Financial instruments: Disclosures - offsetting financial assets and financial liabilities"

Amendment to MFRS 101 "Presentation of items of other comprehensive income" (effective from 1 July 2012)

Amendment to MFRS 134 “Interim financial reporting”

Amendments to MFRS 10, MFRS 11 and MFRS 12 “Consolidated financial statements, Joint arrangements and Disclosure of interests in other

entities: Transition Guidance”

The adoption of the new standards, amendments to published standards and interpretations are not expected to have impact on the financial

results of the Group and Bank, other than as disclosed below:

- MFRS 10 “Consolidated financial statements”

MFRS 10 requires that an entitiy that is a parent shall present consolidated financial statements unless specific conditions are met. The Group

has adopted this standard following the acquisition of CIMB Islamic Nominees (Asing) Sdn Bhd and CIMB Islamic Nominees (Tempatan) Sdn

Bhd on 8 April 2013.

- Amendment to MFRS 101 “Presentation of items of other comprehensive income”

The amendment requires items of comprehensive income to be presented into two grouping, which is to seperate items of other

comprehensive income that would be reclassified subsequently to profit or loss when specific conditions are met from those that would never be

reclassified subsequently to profit or loss. The adoption of the revised standards affects only the disclosures in the financial statements. There is

no financial effect on the results, earnings per share and the financial position of the Bank for the current and previous financial periods.

- MFRS 13 “Fair value measurement”

MFRS 13 does not extend the use of fair value accounting but provide guidance on how it should be applied where its use is already required or

permitted by other standards for all assets and liabilities measured at fair value. The Group and the Bank have adopted this standard and the

disclosures are disclosed in Note 21.

The preparation of unaudited condensed interim financial statements in conformity with the MFRS requires the use of certain critical accounting

estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date

of the unaudited condensed interim financial statements, and the reported amounts of income and expenses during the reported period. It also

requires Directors to exercise their judgement in the process of applying the Group's accounting policies. Although these estimates and

assumptions are based on the Directors' best knowledge of current events and actions, actual results may differ from those estimates.

There were no material changes to financial estimates made in respect of the current financial period that had previously been announced or

disclosed.

There were no issuance and repayment of debt securities during the period.

Page 7

D. PROPOSED DIVIDEND

E. EVENTS DURING THE REPORTING PERIOD

F. SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

G. GROUP PERFORMANCE REVIEW

H. PROSPECTS FOR THE CURRENT FINANCIAL YEAR

There were no dividends paid or proposed for the period ended 30 September 2013.

There were no significant events that had occurred between 30 September 2013 and the date of this announcement.

For the third quarter 30 September 2013, the Group registered a profit after tax of RM76.6 million.

For the third quarter 30 September 2013, the Bank registered a profit after tax of RM76.5 million, a decrease of 22% from a profit after tax of

RM98.2 million in the previous year corresponding period.

This year the Group has built on the “CIMB 2.0” changes which implemented last year, completed its IB platform expansion and restructured

its cost base for the long term. At the same time, the Group has had to navigate a much tougher operating environment than expected.

In 4Q13, there is a surge in capital markets transactions and continued positive momentum.

On 8 April 2013, CIMB Islamic Bank Berhad acquired 10,000 ordinary shares of CIMB Islamic Nominees (Tempatan) Sdn Bhd and 10,0000

ordinary shares of CIMB Islamic Nominees (Asing) Sdn Bhd, representing 100% of issued share and paid-up capital, for a cash consideration of

RM10,000 respectively. As a result, CIMB Islamic Nominees (Tempatan) Sdn Bhd and CIMB Islamic Nominees (Asing) Sdn Bhd became a

wholly owned subsidiaries of CIMB Islamic Bank Berhad.

The main nature of business of the two subsidiaries are providing nominee services.

Page 8

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

NOTES TO THE ACCOUNTS

1 Cash and short-term funds

Cash and balances with banks and other financial institutions 186,029 185,984 128,732

Money at call and deposit placements maturing within one month 7,673,883 7,673,883 6,167,597

7,859,912 7,859,867 6,296,329

2 Deposits and placements with banks and other financial

institutions

Licensed Islamic banks 130,670 130,670 291,230

Licensed banks - - 153,706

Licensed Investment banks - - 146,362

Other financial institutions 100,195 100,195 10,037

230,865 230,865 601,335

3 Financial assets held for trading

Money market instruments

Unquoted

Malaysian Government treasury bills - - 68,456

Government investment issues 47,021 47,021 251,804

Islamic negotiable instruments of deposits 1,872,230 1,872,230 1,656,985

Islamic accepted bills - - 150,202

Bank Negara Monetary Notes 2,462,449 2,462,449 3,540,897

4,381,700 4,381,700 5,668,344

Unquoted securities

Islamic private debt securities 263,369 263,369 448,704

4,645,069 4,645,069 6,117,048

The Bank

4 Financial investments available-for-sale


Unquoted

Government investment issues 635,514 635,514 1,140,378

Islamic Cagamas bonds 25,680 25,680 20,764

Malaysian Government Securities 34,509 34,509 34,262

Khazanah bonds 33,457 33,457 54,240

729,160 729,160 1,249,644

Unquoted securities

Islamic private debt securities 1,081,486 1,081,486 1,547,118

Placement with IBFIM 575 575 575

1,811,221 1,811,221 2,797,337

5 Financial investments held-to-maturity


Unquoted securities

Islamic private debt securities 601,182 601,182 652,430

Amortisation of premium less accretion of discount (58) (58) (40)

601,124 601,124 652,390

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

The Bank

6 Financing, advances and other financing/loans

(i) By type of financing:

Cash line 440,326 440,326 471,590

Term financing

- House financing 9,006,926 9,006,926 8,231,990

- Syndicated financing 488,458 488,458 330,015

- Hire purchase receivables 6,540,999 6,540,999 6,495,487

- Other term financing 16,134,163 16,134,163 15,766,461

Bills receivable 3,537 3,537 3,766

Islamic trust receipts 29,945 29,945 35,707

Claims on customer under Islamic accepted bills 291,191 291,191 340,687

Credit card receivables 97,648 97,648 97,882

Revolving credits 2,682,339 2,682,339 1,450,191

Share purchase financing 15,687 15,687 35,226

Gross financing, advances and other financing/loans 35,731,219 35,731,219 33,259,002

Fair value changes arising from fair value hedges 133,652 133,652 222,909

Less : Allowance for impairment losses

- Individual impairment allowance (39,949) (39,949) (60,925)

- Portfolio impairment allowance (338,125) (338,125) (347,704)

Total net financing, advances and other financing/loans 35,486,797 35,486,797 33,073,282

The Bank has undertaken fair value hedges on financing using Islamic profit rate swaps.

Gross financing hedged 6,350,000 6,350,000 6,500,000

Fair value changes arising from fair value hedges 133,652 133,652 222,909

6,483,652 6,483,652 6,722,909

(ii) By geographical distribution:

The fair value loss on Islamic profit rate swaps of the Group and the Bank in this hedge transaction as at 30 September 2013 were RM180 million respectively

(31 December 2012 [the Bank] : fair value loss of RM247 million).

(ii) By geographical distribution:

Malaysia 35,731,219 35,731,219 33,259,002

35,731,219 35,731,219 33,259,002

(iii) By contract :

Bai' Bithaman Ajil (deferred payment sale) 13,803,368 13,803,368 12,957,557

Ijarah Muntahiyyah Bittamlik/AITAB (lease ending with ownership) 7,639,446 7,639,446 7,330,211

Murabahah (cost plus sale) 275,866 275,866 325,682

Bai' al-'inah (sale and repurchase ) 12,398,090 12,398,090 12,455,612

Others 1,614,449 1,614,449 189,940

35,731,219 35,731,219 33,259,002

(iv) By type of customer :

Domestic non-bank financial institutions

- Others 1,524,761 1,524,761 574,212

Domestic business enterprises

- Small medium enterprises 1,726,904 1,726,904 1,360,257

- Others 5,358,163 5,358,163 5,191,432

Government and statutory bodies 6,804,171 6,804,171 6,747,294

Individuals 20,053,204 20,053,204 19,122,879

Other domestic entities 23,302 23,302 16,981

Foreign entities 240,714 240,714 245,947

35,731,219 35,731,219 33,259,002

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

The Bank

(v) By profit rate sensitivity :

Fixed rate

- House financing 246,055 246,055 316,820

- Hire purchase receivables 6,540,999 6,540,999 6,495,487

- Others 11,770,976 11,770,976 12,112,954

Variable rate

- House financing 8,760,871 8,760,871 7,915,170

- Other financing 8,412,318 8,412,318 6,418,571

35,731,219 35,731,219 33,259,002

(vi) By economic purpose :

Personal use 3,221,184 3,221,184 3,233,098

Credit card 97,648 97,648 97,882

Construction 2,362,753 2,362,753 1,970,429

Residential property 9,051,119 9,051,119 8,273,772

Non-residential property 3,022,510 3,022,510 2,573,888

Purchase of fixed assets other than land and building 279,718 279,718 360,709

Merger and acquisition 2,601 2,601 20,290

Purchase of securities 26,105 26,105 35,648

Purchase of transport vehicles 6,599,077 6,599,077 6,512,442

Working capital 8,166,415 8,166,415 7,289,268

Other purpose 2,902,089 2,902,089 2,891,576

35,731,219 35,731,219 33,259,002

(vii) By residual contractual maturity :

Within one year 3,673,046 3,673,046 2,674,004

One year to less than three years 1,030,463 1,030,463 914,279

Three years to less than five years 3,243,643 3,243,643 3,051,647 Three years to less than five years 3,243,643 3,243,643 3,051,647

Five years and more 27,784,067 27,784,067 26,619,072

35,731,219 35,731,219 33,259,002

-

(viii) Impaired financing by economic purpose :

Personal use 14,469 14,469 15,570

Credit card 743 743 419

Construction 2,457 2,457 894

Residential property 83,009 83,009 91,240

Non-residential property 31,163 31,163 35,148

Purchased of fixed assets other than land & building 1,699 1,699 1,966

Purchase of securities 233 233 10

Purchase of transport vehicles 94,951 94,951 87,912

Working capital 68,046 68,046 63,532

Other purpose 9,448 9,448 7,437

306,218 306,218 304,128

(ix) Impaired financing by geographical distribution:

Malaysia 306,218 306,218 304,128

306,218 306,218 304,128

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

The Bank

(x) Movement in impaired financing, advances and

other financing/loans :

Balance as at 1 January 304,128 304,128 345,778

Impaired during the period/year 321,181 321,181 383,095

Reclassification from unwinding income - - 10,109

Reclassified as non-impaired during the period/year (133,967) (133,967) (152,618)

Recoveries (64,567) (64,567) (73,013)

Amount written off (120,557) (120,557) (209,223)

Balance as at 30 September/31 December 306,218 306,218 304,128

Ratio of gross impaired financing to total financing 0.86% 0.86% 0.91%

advances, and other financing/loans

(xi) Movements in allowance for impaired financing :

Individual impairment allowance


Net allowance (written back)/made during the period/year (19,601) (19,601) 1,586

Unwinding income - - 4,090



Portfolio impairment allowance


Net allowance made during the period/year 104,273 104,273 86,543

Transfer from intercompany 5,331 5,331 -

Unwinding income - - 6,019



2.30% 2.30% 2.30%

7 Other assets

Deposits and prepayments 2,298 2,298 1,053

Sundry debtors 101,384 101,384 35,416

Collateral pledged for derivative transactions 58,480 58,480 61,430

Clearing accounts 172,278 172,278 156,983

334,440 334,440 254,882

Portfolio impairment allowance (inclusive of regulatory reserve) as % of gross

financing, advances and other financing/loans (excluding RPSIA financing) less

individual impairment allowance

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

The Bank

8 Deposits from customers

(i) By type of deposit

Savings deposits

Wadiah 1,310,513 1,310,513 1,181,904

Mudharabah 557,927 557,927 524,422

Demand deposits

Wadiah 3,795,949 3,795,949 3,522,732

Qard 21,185 21,185 1,875

Mudharabah 4,495,284 4,495,284 4,234,083

Term deposit

Commodity Murabahah 4,325,730 4,325,730 6,666,383

Negotiable instruments of deposit

Mudharabah 642,210 642,210 1,031,344

Hybrid (Bai Bithamin Ajil (BBA) and Bai al-Dayn) 5,053,137 5,053,137 2,370,187

Short term money market deposit-i

Wakalah 14,923,375 14,923,375 12,849,247

General investment account

Wadiah 54,844 54,844 173,002

Mudharabah 2,265,316 2,265,316 2,056,034

Wakalah 748,844 748,844 440,838

Specific investment account

Mudharabah 175,574 175,574 175,087

Murabahah 200 200 -

Others 30,539 30,539 40,761

38,400,627 38,400,627 35,267,899 38,400,627 38,400,627 35,267,899

(ii) Maturity structures of term deposits

Within one year 27,388,866 27,388,866 24,912,546

One year to less than three years 71,635 71,635 177,616

Three years to less than five years 555,758 555,758 434,327

Five years and more 172,971 172,971 237,633

28,189,230 28,189,230 25,762,122

- - -

(iii) By type of customer

Government and statutory bodies 4,328,761 4,328,761 6,493,384

Business enterprises 14,733,276 14,733,276 13,353,094

Individuals 4,234,344 4,234,344 4,566,521

Others 15,104,246 15,104,246 10,854,900

38,400,627 38,400,627 35,267,899

9 Deposits and placements of banks and other financial institutions

Mudharabah

Licensed Islamic banks - - 180,156

Licensed banks 2,149,072 2,149,072 987,452

Licensed investment banks 151,718 151,718 998,659

2,300,790 2,300,790 2,166,267

Non-Mudharabah

Licensed Islamic banks 699,640 699,640 1,135,317

Licensed banks 6,946,854 6,946,854 8,088,281

Other financial institutions 34,993 34,993 270,863

7,681,487 7,681,487 9,494,461

9,982,277 9,982,277 11,660,728

0.10 0.60 (0.26)

The Group

30-Sept-13 30-Sept-13 31-Dec-12

RM'000 RM'000 RM'000

The Bank

10 Other liabilities

Accruals and other payables 398,169 398,169 74,304

Clearing accounts 176,198 176,198 291,125

Others 27,571 27,567 31,677

601,938 601,934 397,106

11 Subordinated sukuk

The Group and the Bank

The RM850 million Sukuk qualify as Tier-2 capital for the purpose of the RWCR computation.

On 18 September 2012, the Bank had issued the third tranche of Sukuk of RM300 million at par and is due on 15 September 2022, with the optional

redemption on 18 September 2017 or any periodic payment date thereafter. The Sukuk bears a profit rate of 4.00% per annum, payable semi-annually

in arrears.

The RM850 million subordinated Sukuk (“the Sukuk”) is part of the Tier-2 Junior Sukuk programme which was approved by the Securities

Commission on 22 May 2009. Under the programme, the Bank is allowed to raise Tier-2 capital of up to RM2.0 billion in nominal value outstanding

at any one time.

The Sukuk of RM300 million under the first issuance was issued at par on 25 September 2009 and is due on 25 September 2024, with optional

redemption on 25 September 2019 or any periodic payment date thereafter. The Sukuk bears a profit rate of 5.85% per annum payable semi-annually

in arrears.

The second tranche of the Sukuk of RM250 million was issued at par on 21 April 2011 and is due on 21 April 2021, with optional redemption on 21

April 2016 or any periodic payment date thereafter. The Sukuk bears a profit rate of 4.20% per annum payable semi-annually in arrears.

NOTES TO THE ACCOUNTS 0.60

0.60 INDIVIDUAL QUARTER CUMULATIVE QUARTER

QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

12 Income derived from investment of depositors

funds and others

The Group

Income derived from investment of :

- General investment deposits 224,209 - 720,664 -

- Specific investment deposits 23,963 - 59,498 -

- Other deposits 255,977 - 776,839 -

504,149 - 1,557,001 -

12a Income derived from investment of general

investment deposits

The Group

Financing,advances and other financing/loans

- Profit income 181,313 - 577,368 -

- Unwinding income^ 762 - 2,332 -

Financial assets held for trading 3,000 - 13,127 -

Financial investments available-for-sale 8,122 - 35,620 -

Financial investments held-to-maturity 3,389 - 10,762 -

Money at call and deposit with financial institutions 25,918 - 58,671 -

222,504 - 697,880 -

Accretion of discount less amortisation of premium 839 - 17,912 -

Total finance income and hibah 223,343 - 715,792 -

Other operating income

- Net loss arising from financial assets held for trading

- realised loss (257) - (1,683) -

- unrealised loss (108) - (1,048) -

- Net gain from sale of financial investments available-for-sale 1,459 - 7,011 -

- Net gain from sale of financial investments held-to-maturity - - 117 -

- Net loss from foreign exchange transactions (780) - (574) -

314 - 3,823 -

Fee and commission income 552 - 1,049 -

224,209 - 720,664 -

^ Unwinding income is income earned on impaired financing, advances and other financing/loans



QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

12b Income derived from investment of specific

investment deposits

The Group


- Profit income 21,182 - 41,333 -


23,963 - 59,498 -

12c Income derived from investment of other deposits

The Group


- Profit income 207,003 - 622,377 -

- Unwinding income^ 870 - 2,524 -

Financial assets held for trading 3,424 - 14,012 -

Financial investments available-for-sale 9,274 - 38,121 -

Financial investments held-to-maturity 3,870 - 11,594 -


254,031 - 752,605 -





- realised loss (293) - (1,860) -

- unrealised loss (124) - (1,101) -

- Net gain from sale of financial investments available-for-sale 1,665 - 7,672 -



358 - 4,284 -

Fee and commission income 631 - 1,154 -

255,977 - 776,839 -




QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

12 Income derived from investment of depositors

funds and others

The Bank

Income derived from investment of :

- General investment deposits 224,209 204,333 720,664 599,815

- Specific investment deposits 23,963 24,637 59,498 70,279

- Other deposits 255,977 262,568 776,839 755,785

504,149 491,538 1,557,001 1,425,879

12a Income derived from investment of general

investment deposits

The Bank


- Profit income 181,313 164,925 577,368 484,158

- Unwinding income^ 762 530 2,332 1,639

Financial assets held for trading 3,000 3,708 13,127 7,929

Financial investments available-for-sale 8,122 7,375 35,620 19,892

Financial investments held-to-maturity 3,389 4,967 10,762 15,002

Money at call and deposit with financial institutions 25,918 13,517 58,671 50,926

222,504 195,022 697,880 579,546

Accretion of discount less amortisation of premium 839 9,492 17,912 5,896

Total finance income and hibah 223,343 204,514 715,792 585,442


- Net gain/(loss) arising from financial assets held for trading

- realised (loss)/gain (257) (76) (1,683) 8,757

- unrealised loss (108) (1,000) (1,048) (282)

- Net gain from sale of financial investments available-for-sale 1,459 118 7,011 2,377

- Net gain from sale of financial investments held-to-maturity - 418 117 524

- Net (loss)/gain from foreign exchange transactions (780) 153 (574) 893

314 (387) 3,823 12,269

Fee and commission income 552 206 1,049 2,104

224,209 204,333 720,664 599,815


12b Income derived from investment of specific

investment deposits

The Bank


- Profit income 21,182 15,666 41,333 41,769


23,963 24,637 59,498 70,279



QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

12c Income derived from investment of other deposits

The Bank


- Profit income 207,003 211,928 622,377 609,693

- Unwinding income^ 870 681 2,524 2,063

Financial assets held for trading 3,424 4,765 14,012 10,031

Financial investments available-for-sale 9,274 9,476 38,121 25,110

Financial investments held-to-maturity 3,870 6,382 11,594 18,937


254,031 250,601 752,605 729,562

Accretion of discount less amortisation of premium 957 12,197 18,796 7,875



- Net gain/(loss) arising from financial assets held for trading

- realised (loss)/gain (293) (98) (1,860) 11,223

- unrealised loss (124) (1,285) (1,101) (288)

- Net gain from sale of financial investments available-for-sale 1,665 152 7,672 2,968

- Net gain from sale of financial investments held-to-maturity - 538 118 665

- Net (loss)/gain from foreign exchange transactions (890) 199 (545) 1,119

358 (494) 4,284 15,687

Fee and commission income 631 264 1,154 2,661

255,977 262,568 776,839 755,785


13 Income derived from investment of shareholder's funds

The Group


- Profit income 18,861 - 58,668 -

- Unwinding income^ 79 - 237 -

Financial assets held for trading 312 - 1,329 -

Financial investments available-for-sale 845 - 3,609 -

Financial investments held-to-maturity 353 - 1,094 -


23,146 - 70,925 -





- realised loss (27) - (171) -

- unrealised loss (12) - (106) -

- Net gain from sale of financial investments available-for-sale 151 - 712 -



- Net loss arising from hedging activities (508) - (279) -

- Net gain/(loss) arising from derivative financial instrument -

- realised gain 57,208 - 67,673 -

- unrealised loss (57,239) - (82,776) -

(508) - (14,994) -

Fee and commission income 10,207 - 41,986 -

Less : fee and commission expense 874 - (236) -

Net fee and commission income 11,081 - 41,750 -

Other income

- Sundry income 1,173 - 2,726 -

34,979 - 102,209 -




QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

13 Income derived from investment of shareholder's funds

The Bank


- Profit income 18,861 17,411 58,668 51,967

- Unwinding income^ 79 56 237 176

Financial assets held for trading 312 391 1,329 849

Financial investments available-for-sale 845 779 3,609 2,134

Financial investments held-to-maturity 353 524 1,094 1,612


23,146 20,588 70,925 62,209

Accretion of discount less amortisation of premium 87 1,002 1,802 616



Financial investments held-to-maturity

- realised (loss)/gain (27) (8) (171) 955

- unrealised loss (12) (106) (106) (26)

Accretion of discount less amortisation of premium 151 12 712 257

Total finance income and hibah - 44 12 56

- Net (loss)/gain from foreign exchange transactions (81) 17 (59) 96

- Net (loss)/gain arising from hedging activities (508) 785 (279) (161)

- Net gain/(loss) arising from derivative financial instrument

- realised gain/(loss) 57,208 (1,519) 67,673 (37,337)

- unrealised (loss)/gain (57,239) 13,366 (82,776) 56,025

(508) 12,591 (14,994) 19,865

Fee and commission income 10,207 25,530 41,986 65,165

Less : fee and commission expense 874 (452) (236) (1,450)

Net fee and commission income 11,081 25,078 41,750 63,715

Other income

- Sundry income 1,148 1,720 2,701 4,417

34,954 60,979 102,184 150,822


14 Allowance for impairment losses on financing, advances and other financing/loans

The Group


- Written back (6,887) - (19,601) -


- Made during the period 40,364 - 104,273 -

Impaired financing :

- recovered (13,542) - (39,124) -

- written off 382 - 1,541 -

20,317 - 47,089 -

14 Allowance for impairment losses on financing, advances and other financing/loans

The Bank


- Made during the period - 157 - 2,138

- Written back (6,887) - (19,601) -


- Made during the period 40,364 35,590 104,273 98,463

Impaired financing :

- recovered (13,542) (14,097) (39,124) (42,520)

- written off 382 242 1,541 (1,354)

20,317 21,892 47,089 56,727



QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

15 Income attributable to depositors

The Group

Deposits from customers

- Mudharabah 30,917 - 96,798 -

- Non-Mudharabah 163,090 - 494,166 -


financial institutions

- Mudharabah 29,255 - 71,709 -

- Non-Mudharabah 57,668 - 190,676 -

Subordinated Sukuk 9,555 - 28,411 -

290,485 - 881,760 -

15 Income attributable to depositors

The Bank

Deposits from customers

- Mudharabah 30,917 32,160 96,798 133,737

- Non-Mudharabah 163,090 139,020 494,166 359,638


financial institutions

- Mudharabah 29,255 25,240 71,709 66,211

- Non-Mudharabah 57,668 77,438 190,676 227,675

Subordinated Sukuk 9,555 6,990 28,411 19,994

290,485 280,848 881,760 807,255

16 Personnel expenses

The Group

Salaries, allowances and bonuses 19,411 - 54,009 -

Pension cost (defined contribution plan) 735 - 2,215 -

Training fees 88 - 201 -

Overtime 36 - 93 -

Others 1,655 - 5,496 -

21,925 - 62,014 -

16 Personnel expenses

The Bank

Salaries, allowances and bonuses 19,411 21,548 54,009 54,180

Pension cost (defined contribution plan) 735 761 2,215 2,007

Training fees 88 38 201 214

Overtime 36 19 93 42

Others 1,655 688 5,496 1,327

21,925 23,054 62,014 57,770



QUARTER

ENDED

QUARTER

ENDED

9 MONTHS

ENDED

9 MONTHS

ENDED


RM'000 RM'000 RM'000 RM'000

17 Other overheads

Group

Establishment

Rental 378 - 1,036 -

Depreciation of property, plant and equipment 408 - 1,413 -

Outsourcing expenses 55 - 394 -

Others 814 - 3,098 -

Marketing

Advertisement and publicity 1,883 - 6,882 -

Others 467 - 1,284 -

General expenses

Auditor's remuneration-statutory audit 40 - 166 -

Amortisation of intangible assets 736 - 2,007 -

Professional fees 1,485 - 3,568 -

Others 6,688 - 19,031 -

12,954 - 38,879 -

90,882 - 287,553 -

103,836 - 326,432 -

103836 95513 326431 282145

17 Other overheads

Bank

Establishment

Rental 378 237 1,036 1,047

Depreciation of property, plant and equipment 408 314 1,413 933

Outsourcing expenses 55 1,587 394 6,230

Others 814 668 3,098 4,500

Marketing

Advertisement and publicity 1,883 252 6,882 2,475

Others 467 392 1,284 1,289

General expenses

Auditor's remuneration-statutory audit 40 47 166 175

Amortisation of intangible assets 736 343 2,007 1,296

Professional fees 1,485 831 3,568 1,247

Others 6,684 3,004 19,027 10,210

12,950 7,675 38,875 29,402

90,882 87,838 287,553 252,743

103,832 95,513 326,428 282,145

Shared service costs paid/payable to CIMB Bank/CIMB Investment Bank

Shared service costs paid/payable to CIMB Bank/CIMB Investment Bank

18 Islamic derivative financial instruments

30-Sept-13

The Group Principal Fair values Fair values

amount Assets Liabilities

RM’000 RM’000 RM’000

Foreign exchange derivatives

Currency forwards

- Less than 1 year 700,972 27,344 (3,808)

- 1 year to 3 years 31,863 1,357 (1,247)

- More than 3 years 658,997 13,052 (4,564)

Currency swaps

- Less than 1 year 3,009,010 69,719 (37,428)

Currency spot

- Less than 1 year 23,026 15 (10)

Currency options

- Less than 1 year 47,471 342 (342)

Cross currency profit rate swaps

- Less than 1 year 94,075 5,233 (5,233)

- 1 year to 3 years - - -

- More than 3 years 740,400 25,413 (24,910)

5,305,814 142,475 (77,542)

Islamic profit rate derivatives

Islamic profit rate swaps 8,791,830 78,015 (64,339)

The following tables summarise the contractual or underlying principal amounts of trading derivative and financial

instruments held for hedging purposes. The principal or contractual amounts of these instruments reflect the

volume of transactions outstanding at the end of the reporting period, and do not represent amounts of risk.

Trading derivative financial instruments are revalued on a gross position basis and the unrealised gains or losses

are reflected in " Derivative Financial Instruments" Assets and Liabilities respectively.


- Less than 1 year 504,272 988 (941)

- 1 year to 3 years 1,390,220 6,756 (5,491)

- More than 3 years 6,897,338 70,271 (57,907)

Equity related derivatives

Equity options 746,858 12,117 (12,117)

- Less than 1 year 53,460 - -

- 1 year to 3 years 127,685 2,628 (2,628)

- More than 3 years 565,713 9,489 (9,489)

Held for hedging purpose


- 1 year to 3 years 265,248 4,527 (284)

- More than 3 years 6,665,068 1,095 (214,896)

Total derivative assets/(liabilities) 21,774,818 238,229 (369,178)

21,774,818

Page 22

18 Islamic derivative financial instruments (Continued)

30-Sept-13 31-Dec-12

The Bank Principal Fair values Fair values Principal Fair values Fair values

amount Assets Liabilities amount Assets Liabilities

RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Foreign exchange derivatives

Currency forwards

- Less than 1 year 700,972 27,344 (3,808) 858,427 10,507 (17,665)

- 1 year to 3 years 31,863 1,357 (1,247) 60,153 1,167 (1,011)

- More than 3 years 658,997 13,052 (4,564) 660,784 22,101 (12,988)

Currency swaps

- Less than 1 year 3,009,010 69,719 (37,428) 2,628,568 15,854 (8,780)

Currency spot

- Less than 1 year 23,026 15 (10) 1,604 1 (1)

Currency options

- Less than 1 year 47,471 342 (342) 92,114 297 (297)

Cross currency profit rate swaps

- Less than 1 year 94,075 5,233 (5,233) - - -

- 1 year to 3 years - - - 91,384 5,480 (5,480)

- More than 3 years 740,400 25,413 (24,910) 240,400 12,514 (12,514)

5,305,814 142,475 (77,542) 4,633,434 67,921 (58,736)

Islamic profit rate derivatives

Islamic profit rate swaps 8,791,830 78,015 (64,339) 8,265,671 75,209 (52,354)

- Less than 1 year 504,272 988 (941) 1,093,346 5,011 (193)

- 1 year to 3 years 1,390,220 6,756 (5,491) 1,527,680 9,391 (7,377)

- More than 3 years 6,897,338 70,271 (57,907) 5,644,645 60,807 (44,784)

Equity related derivatives

Equity options 746,858 12,117 (12,117) 1,471,506 15,856 (15,856)

- Less than 1 year 53,460 - - 710,633 2,615 (2,615)

- 1 year to 3 years 127,685 2,628 (2,628) 151,964 2,556 (2,556)

- More than 3 years 565,713 9,489 (9,489) 608,909 10,685 (10,685)

Held for hedging purpose

Islamic profit rate swaps 6,930,316 5,622 (215,180) 7,078,403 9,374 (253,583)

- 1 year to 3 years 265,248 4,527 (284) - - -

- More than 3 years 6,665,068 1,095 (214,896) 7,078,403 9,374 (253,583)

Total derivative assets/(liabilities) 21,774,818 238,229 (369,178) 21,449,014 168,360 (380,529)

21,774,818

Market Risk

Market risk is defined as any fluctuation in the value arising from changes in value of market risk factors such as profit rates, currency exchange rates, credit spreads,

equity prices, commodities prices and their associated volatility. The contractual amounts provide only a measure of involvement in these types of transactions and do

not represent the amounts subject to market risk. The Group's risk management department monitors and manages market risk exposure via stress testing of the

Group's Value-at-Risk (VaR) model, in addition to reviewing and analysing its treasury trading strategy, positions and activities vis-à-vis changes in the financial

market, monitoring limit usage, assessing limit adequacy, and verifying transaction prices.

Credit Risk

Credit risk arises when counterparties to derivative contracts, such as profit rate swaps, are not able to or willing to fulfil their obligation to pay the Bank the positive

fair value or receivable resulting from the execution of contract terms. As at 30 September 2013 the amount of credit risk in the Group and the Bank, measured in

terms of the cost to replace the profitable contracts, was RM238million respectively (31 December 2012 [the Bank] RM168 million). This amount will increase or

decrease over the life of the contracts, mainly as a function of maturity dates and market rates or prices.

There have been no changes since the end of the previous financial year in respect of the following:

a) the types of derivative financial contracts entered into and the rationale for entering into such contracts,

as well as the expected benefits accruing from these contracts;

b) the risk management policies in place for mitigating and controlling the risks associated with these

financial derivative contracts; and

c) the related accounting policies.

The above information, policies and procedures in respect of derivative financial instruments of the Bank are discussed in the audited annual financial statements for

the financial year ended 31 December 2012 .

Page 23

19 Commitments and contingencies

The commitments and contigencies constitute the following :

30-Sept-13

Principal

amount

The Group RM'000

Credit-related

Direct credit substitutes 154,752

Certain transaction-related contingent items 371,576

Short-term self-liquidating trade-related

contingencies 15,775

Irrevocable commitments to extend credit :

- maturity not exceeding one year 3,951,576

- maturity exceeding one year 980,018

Miscellaneous commitments and contingencies 54,192

Total credit-related commitments and contingencies 5,527,889

Treasury-related

Foreign exchange related contracts :

- less than one year 3,874,554

- one year to less than five years 535,554

- above 5 years 895,706

Profit rate related contracts :

- less than one year 504,272

- one year to less than five years 6,487,139

- over five years 8,730,735

Equity related contracts :

- less than one year 53,460

- one year to less than five years 295,748


In the normal course of business, the Bank makes various commitments and

incur certain contingent liablities with legal recourse to their customers. No

material losses are anticipated as a result of these transactions.


Total treasury-related commitments and contingencies 21,774,818

27,302,707

Page 24

19 Commitments and contingencies (Continued)

30-Sept-13 31-Dec-12

Principal Principal

amount amount

The Bank RM'000 RM'000

Credit-related

Direct credit substitutes 154,752 195,449

Certain transaction-related contingent items 371,576 434,554

Short-term self-liquidating trade-related

contingencies 15,775 85,180

Irrevocable commitments to extend credit :

- maturity not exceeding one year 3,951,576 3,852,873

- maturity exceeding one year 980,018 901,637

Miscellaneous commitments and contingencies 54,192 45,430

Total credit-related commitments and contingencies 5,527,889 5,515,123

Treasury-related

Foreign exchange related contracts :

- less than one year 3,874,554 3,580,714

- one year to less than five years 535,554 157,015

- above 5 years 895,706 895,706

Profit rate related contracts :

- less than one year 504,272 1,093,345

- one year to less than five years 6,487,139 4,615,834

- over five years 8,730,735 9,634,894

Equity related contracts :

- less than one year 53,460 710,632

- one year to less than five years 295,748 345,162

- above 5 years 397,650 415,712

Total treasury-related commitments and contingencies 21,774,818 21,449,014

27,302,707 26,964,137

Page 25

20 Capital Adequacy

30 September 2013 - Basel III

(a) The capital adequacy ratios of the Group and Bank are as follows: The Group The Bank

30-Sept-13 30-Sept-13

RM’000 RM’000

Common equity tier 1 ratio 8.71% 8.71%

Tier 1 ratio 9.00% 9.00%

Total capital ratio 12.76% 12.76%

(b) The breakdown of risk-weighted assets ("RWA") by each major risk category is as follows:

30-Sept-13 30-Sept-13

RM’000 RM’000

Credit risk 19,068,877 19,069,105

Market risk 727,092 727,092

Operational risk 1,798,952 1,798,952

Total risk-weighted assets 21,594,921 21,595,149

(c) Components of Common Equity Tier I, Additional Tier I and Tier II capital are as follows:

30-Sept-13 30-Sept-13

RM’000 RM’000

Common Equity Tier I capital

Ordinary shares 1,000,000 1,000,000

On 28 November 2012, Bank Negara Malaysia (BNM) issued revised guidelines on the capital adequacy framework which tookeffect beginning 1 January 2013. The revised guidelines sets out the general requirements concerning regulatory capitaladequacy, components of eligible regulatory capital and requirements for computing risk-weighted assets.

The risk-weighted assets of the Bank are computed in accordance with the Capital Adequacy Framework for Islamic Banks (BaselII - Risk-Weighted Assets). The IRB Approach is applied for the major credit exposures. It prescribes two approaches, the F-IRBApproach and A-IRB Approach. The remaning credit exposures and Market Risk are on the Standardised Approach whileOperational Risk is based on Basic Indicator Approach. The components of eligible regulatory capital is based on the CapitalAdequacy Framework for Islamic Banks (Capital Components). The comparative capital adequacy ratios as at 31 December 2012were based on BNM's Risk-Weighted Capital Adequacy Framework (RWCAF).

Ordinary shares 1,000,000 1,000,000

Other reserves 1,432,787 1,432,787

Common Equity Tier I capital before regulatory adjustments 2,432,787 2,432,787

Less: Regulatory adjustments

Goodwill (136,000) (136,000)

Intangible assets (8,854) (8,854)

Deferred tax assets (22,533) (22,533)

Others (384,345) (384,345)

Common Equity Tier I capital after regulatory adjustments 1,881,055 1,881,055

Additional Tier I capital

Perpetual preference shares 63,000 63,000

Additional Tier I capital before regulatory adjustments 63,000 63,000

Less: Regulatory adjustments - -

Additional Tier I capital after regulatory adjustments 63,000 63,000

Total Tier I capital 1,944,055 1,944,055

Tier II capital

Subordinated notes 765,000 765,000

Portfolio impairment allowance and regulatory reserves ^ 45,803 45,803

Tier II capital before regulatory adjustments 810,803 810,803

Less: Regulatory adjustments - -

Total Tier II capital 810,803 810,803

Total capital 2,754,858 2,754,858

Page 26

20 Capital Adequacy (Continued)

31 December 2012 - Basel II

(a) The capital adequacy ratios of the Bank are as follows:

The Bank

31-Dec-12

RM’000

Before deducting proposed dividends

Core capital ratio 8.69%

Risk-weighted capital ratio 13.27%

After deducting proposed dividends

Core capital ratio

Risk-weighted capital ratio 8.69%

13.27%

(b) The breakdown of risk-weighted assets ("RWA") by each major risk category is as follows:

31-Dec-12

RM’000

Credit risk 19,554,311

Market risk 913,826

Operational risk 1,678,915

Total risk-weighted assets 22,147,052

(c) Components of Tier I and Tier II capital are as follows:

31-Dec-12

RM’000

Tier I capital

Paid-up capital 1,000,000

Perpetual preference shares 70,000

Other reserves 1,008,843

Less:

Deferred tax assets (18,057)

Goodwill (136,000)

Goodwill (136,000)

Total Tier I capital 1,924,786

Tier II capital

Subordinated notes 850,000

Regulatory reserve 242,624

Portfolio impairment allowance ^ 45,257

(122,870)

Total Tier II capital 1,015,011

Total capital base 2,939,797

Excess of total expected loss over total eligible provision

^ The capital base of the Group and the Bank as at 30 September 2013 has excluded portfolio impairment allowance on impaired financings for

standardise approach assets restricted from Tier II capital of RM21.2 million (31 December 2012 [the Bank] RM16.48 million ) respectively.

Page 27

21 Fair Value of Financial Instruments

Determination of fair value and fair value hierarchy

The Group

Quoted

market

prices

(Level 1)

Observable

inputs

(Level 2)

Significant

unobservable

inputs

(Level 3) Total

RM'000 RM'000 RM'000 RM'000 RM'000

Financial assets

Financial assets held for trading

-Money market instruments 4,381,700 - 4,381,700 - 4,381,700

-Quoted securities -

-Unquoted securities 263,369 - 263,369 - 263,369

Financial investments available-for-sale

-Money market instruments 729,160 - 729,160 - 729,160


30-Sept-13

Carrying

amount

Fair Value

Fair value is the amount at which a financial asset could be exchanged or a financial liability settled, between

knowledgeable and willing parties in an arm’s length transaction.

The Group classified its financial instruments measured at Fair Value accordance to the following hierarchy:

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2 – Other techniques for which all inputs which have a significant effect on the recorded fair value are

observable for the asset or liability, either directly or indirectly

Level 3 – Techniques which use inputs which have a significant effect on the recorded fair value that are not

based on observable market data (unobservable inputs)

The following table represents assets and liabilities measured at fair value and classified by level with the

following fair value measurement hierarchy as at 30 September 2013 and 31 December 2012.


-Unquoted securities 1,081,486 - 1,081,486 - 1,081,486

Derivative financial instruments

-Trading derivatives 232,607 - 232,607 - 232,607

-Hedging derivatives 5,622 - 5,622 - 5,622

Total 6,693,944 - 6,693,944 - 6,693,944

Financial liabilities


Trading derivatives 153,998 - 153,998 - 153,998

Hedging derivatives 215,180 - 215,180 - 215,180

Total 369,178 - 369,178 - 369,178

Page 28

21 Fair Value of Financial Instruments (Continued)

The Bank

Quoted

market

prices

(Level 1)

Observable

inputs

(Level 2)

Significant

unobservable

inputs

(Level 3) Total

Quoted

market

prices

(Level 1)

Observable

inputs

(Level 2)

Significant

unobservable

inputs

(Level 3) Total

RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000

Financial assets

Financial assets held for trading

-Money market instruments 4,381,700 - 4,381,700 - 4,381,700 5,668,344 - 5,668,344 - 5,668,344

-Quoted securities - -

-Unquoted securities 263,369 - 263,369 - 263,369 448,704 - 448,704 - 448,704

Financial investments available-for-sale

-Money market instruments 729,160 - 729,160 - 729,160 1,249,644 - 1,249,644 - 1,249,644

-Quoted securities - -

-Unquoted securities 1,081,486 - 1,081,486 - 1,081,486 1,547,118 - 1,547,118 - 1,547,118


-Trading derivatives 232,607 - 232,607 - 232,607 158,986 - 158,986 - 158,986

-Hedging derivatives 5,622 - 5,622 - 5,622 9,374 - 9,374 - 9,374

Total 6,693,944 - 6,693,944 - 6,693,944 9,082,170 - 9,082,170 - 9,082,170

Financial liabilities


Trading derivatives 153,998 - 153,998 - 153,998 126,946 - 126,946 - 126,946

Hedging derivatives 215,180 - 215,180 - 215,180 253,583 - 253,583 - 253,583

Total 369,178 - 369,178 - 369,178 380,529 - 380,529 - 380,529

Fair Value

Carrying

amount

Carrying

amount

30-Sept-13 31-Dec-12

Fair Value

Financial instruments are classified as Level 1 if their value is observable in an active market. Such instruments are valued by reference to unadjusted quoted prices for identical

assets or liabilities in active markets where the quoted prices is readily available, and the price represents actual and regularly occurring market transactions. An active market is

one in which transactions occur with sufficient volume and frequency to provide pricing information on an on-going basis. These would include actively traded listed equities

and actively exchange-traded derivatives.

Where fair value is determined using unquoted market prices in less active markets or quoted prices for similar assets and liabilities, such instruments are generally classified as

Level 2. In cases where quoted prices are generally not available, the Group then determines fair value based upon valuation techniques that use as inputs, market parameters

including but not limited to yield curves, volatilities and foreign exchange rates. The majority of valuation techniques employ only observable market data and so reliability of

the fair value measurement is high. These would include certain bonds, government bonds, corporate debt securities, repurchase and reverse purchase agreements, financings,

credit derivatives, certain issued notes and the Bank’s over the counter ("OTC") derivatives.

Financial instruments are classified as Level 3 if their valuation incorporates significant inputs that are not based on observable market data (unobservable inputs). Such inputs

are generally determined based on observable inputs of a similar nature, historical observations on the level of the input or other analytical techniques.

This category includes private equity investments, certain OTC derivatives (requiring complex and unobservable inputs such as correlations and long dated volatilities) and

certain bonds.

credit derivatives, certain issued notes and the Bank’s over the counter ("OTC") derivatives.

Page 29

Notes to the accounts 0.60

22 Change in accounting policies

There were no changes in the accounting policy during the financial period.

23 Comparative

There is no comparative figure for the Group as this is the first consolidated group accounts for the financial period ended 30

September 2013.

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